Industrial

Owning or leasing industrial space in New Jersey means you’re within one day’s drive of one-third of the nation’s population. That means the state continues to be a hotbed of warehouse and logistics activity.

Advance, Greek sell 1.1 million sq. ft. Target facility in Logan, in $265 million deal

A joint venture has sold a newly built, 1.1 million-square-foot Target facility and a nearby parcel in Logan Township for $265 million, in a transaction arranged by CBRE.

CBRE: Pipeline for office conversions on the rise in New Jersey, exceeding 8.6 million sq. ft.

Developers are on track to remove nearly 9 million square feet of obsolete office space in New Jersey, as they repurpose the sites with in-demand uses such as industrial and apartments.

Stro names new chief operating officer

The Stro Cos. has tapped a veteran commercial real estate executive as its new chief operating officer.

Designing carbon neutral warehouses and last mile facilities

The phrase ‘Carbon Neutral’ is the latest climate-based trend we are seeing amongst some of the world’s largest companies, including Amazon, FedEx, Ford and many others. Becoming carbon neutral is the process of a building, or company, achieving net-zero carbon dioxide emissions. Carbon neutrality is achieved by reducing carbon emissions or a combination of offsetting emissions where they would be generated elsewhere.

GM Realty brokers sale of 60,000 sq. ft. warehouse in Somerset

A home fashions distributor has acquired a 60,000-square-foot industrial building in the Somerset section of Franklin, in a newly completed transaction by GM Realty Advisors Inc.

Hartz, grocery distributor ink 16,000 sq. ft. lease in North Bergen, KenKap says

A grocery distributor has taken more than 16,000 square feet of industrial space in North Bergen, under a deal arranged by KenKap Realty Corp.

JLL New Jersey team closes $50 million industrial sale on Long Island

A joint venture has sold a nearly 240,000-square-foot distribution center on Long Island for $50 million, in a transaction by JLL’s New Jersey-based capital markets team.

Joint venture buys fully leased, 66,000 sq. ft. Jersey City warehouse for $21.7 million

A joint venture has acquired a nearly 66,000-square-foot warehouse in Jersey City for $21.7 million, expanding its portfolio in a key northern New Jersey submarket.

Colliers inks sale of 23,000 sq. ft. warehouse in Burlington County

A joint venture has purchased a nearly 23,000-square-foot warehouse in Moorestown, under a transaction arranged by Colliers International.

Port industrial building in Elizabeth trades for $35 million

A fully leased, 240,000-square-foot industrial building near Port Newark-Elizabeth has changed hands for nearly $35 million, brokers with Cushman & Wakefield announced.